RANDWICK was the perfect place to take a punt on the housing market, said Albert Talarico. After buying a new family home there, Mr Talarico was now on the lookout for a second Randwick property as an investment.

He believed the housing market was close to bottoming out. “I don’t think it’s got much more to go down,” he said. “There’s a bit of oversupply in certain areas, but Randwick is one of those areas where, if you can get into the market, now is the time [to buy].”

Hey, we have another chap who has just brought a house and is now looking for an Investment. Again it’s never a better time to buy, and the article never has a whiff that home buyer and investor to be, Mr Talarico could be an Real Estate Agent.

What is just as worrying as the misleading articles, is what will happen when Real Estate agents stop buying houses? It appears they are the only ones keeping the market afloat.

The next time you read an article in the paper about someone buying a house or investment property, be sure to run the new owner through Goggle to see if they are an agent. There is extremely good chances they are.

Real estate agents brainwash themselves to think its never a better time to buy… I coudn’t think of a worse time to buy when the property market has reached record highs relative to wages and every economist agreeing that we are at the beginning of a major downturn in the economy with unemployment set to rapidly increase this year.

Classic mate! Keep up the research! You should really pass these on to ABC’s MediaWatch TV program to get a bit more publicity.
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